Milford MA Real Estate Market Report April 2015

Milford Massachusetts Real Estate Market April 2015

Would you like to see what has gone on in the Milford Real Estate market for April along with year over year comparisons? Check out our reporting of the Milford MA market below. While you are looking over the Milford real estate report be sure to take a look at the guide to Milford Mass, where you will see why the town is a popular choice for home buyers including information on town history, schools, demographics and more.

Milford MA Real Estate Activity For April 2015 vs April 2014

In April of 2015 there were 10 homes that closed within the month for Milford MA Real Estate. This is a decrease of 6 units, as there were 16 homes that closed in April of 2014.

The average list price for the homes that closed in April of 2014 was $323,213

The average list price for the homes that closed in April of 2015 was $346,320

The average sale price for the homes that closed in April of 2014 was $312,066

The average sale price for the homes that closed in April of 2015 was $340,100

The average market time for the homes that closed in April of 2014 was 77 days.

The average market time for the homes that closed in April of 2015 was 104 days.

Homes Under Contract For April 2015

16 homes went under agreement in the month of April. The average list price of the homes that went under agreement was $294,737. The average time on the market for these homes were 24 days.

January 2012 – 2014 Final Year Real Estate Market Statistics For Milford Massachusetts

For the period of January to December 2014 there were 203 properties sold.

For the period of January to December of 2013 there were 211 properties sold.

For the period of January to December of 2012 there were 203 properties sold.

For the period of January to December in 2014 the average list price was $293,475 the average sale price was $286,866 the average market time was 89 days.

For the period of January to December in 2013 the average list price was $286,724 the average sale price was 278,100 the average market time was 84 days.

For the period of January to December in 2012 the average list price was $259,845 the average sale price was $252,034 and the average market time was 97 days.

Current Homes For Sale April Inventory Levels

The are currently 31 homes on the market. The average list price of these homes is $316,900. The average days on the market is 64. Inventory of homes for sale increased from last month when there 23 homes available for purchase. Inventory had been trending downward but over the last two months the trend has changed. Expect inventory to continue to rise as we are in a period of time when more homes enter the market.

Milford MA Real Estate Market Analysis

Current Milford Real Estate Analysis

The amount of transactions for April was down from last year with six less sales. This is the pattern in many of the surrounding towns as well. The winter weather has had an effect on the market starting later than normal. Pending sales however were very good with sixteen going under contract. Given how few homes are available for purchase this was excellent.

Inventory of homes for sale remains at significantly lower levels that we have see historically. This makes it a great time to sell as home that are priced correctly generally sell quickly. Expect inventory to rise over the next couple months but sales to follow right along with the homes available.

The market this spring we be tough for buyers as there is strong competition for homes in many price points. With so few homes for sale sellers are going to be in the drivers seat. Multiple offers and homes selling over asking will be possible in some price points where there is a lot of demand.

Milford continues a great place for first time home buyers with the majority of homes for sale falling under $350,000.

Sales for 2014 vs 2013

For 2014 Milford finished with 203 sales. This was down slightly from 2013 when there were 211.

The above Milford Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

About Bill Gassett

Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past twenty nine plus years. He has been one of the top RE/MAX Realtors in New England for the past decade. In 2015 he was the #5 RE/MAX real estate agent in New England. Connect with him on Google+

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Massachusetts Real Estate exposure is a marketing site designed to give Massachusetts home seller’s a dominant online presence. Massachusetts Real Estate Exposure is owned and operated by RE/MAX Realtor Bill Gassett, who covers the Metrowest Massachusetts area and beyond including Ashland, Bellingham, Blackstone, Framingham, Franklin, Grafton, Holliston, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge, Shrewsbury, Southborough, Sutton, Wayland, Westborough, Worcester, Upton and Uxbridge MA. Bill Gassett has been one of the top RE/MAX Real Estate agents in New England over the last decade plus. In 2015 he was ranked as the #5 RE/MAX Real Estate agent in New England.